NextEra Energy Partners (NYSE:NEP – Get Rating) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Thursday.
Several other equities analysts also recently commented on the company. Raymond James upgraded NextEra Energy Partners from an "underperform" rating to a "market perform" rating in a research report on Wednesday, January 4th. Morgan Stanley cut their target price on NextEra Energy Partners from $88.00 to $86.00 and set an "equal weight" rating for the company in a research report on Monday. Wells Fargo & Company cut their target price on NextEra Energy Partners from $93.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, October 19th. Oppenheimer raised their target price on NextEra Energy Partners from $88.00 to $94.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Credit Suisse Group cut their price objective on NextEra Energy Partners from $90.00 to $87.00 and set an "outperform" rating for the company in a research report on Wednesday, November 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy Partners presently has a consensus rating of "Hold" and an average price target of $85.60.
Get NextEra Energy Partners alerts:NextEra Energy Partners Stock Performance
Shares of NEP stock traded up $1.65 during mid-day trading on Thursday, reaching $73.39. The stock had a trading volume of 1,069,729 shares, compared to its average volume of 682,509. The firm's 50 day simple moving average is $75.03 and its 200 day simple moving average is $77.06. The company has a quick ratio of 1.80, a current ratio of 1.91 and a debt-to-equity ratio of 0.38. NextEra Energy Partners has a one year low of $61.31 and a one year high of $86.06. The firm has a market cap of $6.35 billion, a PE ratio of 14.28, a P/E/G ratio of 2.51 and a beta of 0.92.
NextEra Energy Partners (NYSE:NEP – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The solar energy provider reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.12). NextEra Energy Partners had a return on equity of 3.71% and a net margin of 36.70%. The firm had revenue of $266.00 million during the quarter, compared to the consensus estimate of $336.74 million. During the same quarter in the prior year, the business posted ($0.12) EPS. NextEra Energy Partners's revenue was up 14.7% compared to the same quarter last year. On average, analysts forecast that NextEra Energy Partners will post 5.76 EPS for the current year.Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Naples Global Advisors LLC lifted its position in NextEra Energy Partners by 0.6% during the 3rd quarter. Naples Global Advisors LLC now owns 26,390 shares of the solar energy provider's stock valued at $1,908,000 after purchasing an additional 150 shares during the period. Sigma Planning Corp lifted its position in NextEra Energy Partners by 3.2% during the 3rd quarter. Sigma Planning Corp now owns 4,894 shares of the solar energy provider's stock valued at $354,000 after purchasing an additional 152 shares during the period. Advisory Services Network LLC lifted its position in NextEra Energy Partners by 5.8% during the 2nd quarter. Advisory Services Network LLC now owns 3,063 shares of the solar energy provider's stock valued at $227,000 after purchasing an additional 167 shares during the period. Arden Trust Co lifted its position in NextEra Energy Partners by 3.1% during the 3rd quarter. Arden Trust Co now owns 5,983 shares of the solar energy provider's stock valued at $433,000 after purchasing an additional 180 shares during the period. Finally, Lee Financial Co lifted its position in NextEra Energy Partners by 0.8% during the 2nd quarter. Lee Financial Co now owns 23,410 shares of the solar energy provider's stock valued at $1,736,000 after purchasing an additional 196 shares during the period. 83.05% of the stock is currently owned by institutional investors and hedge funds.
NextEra Energy Partners Company Profile
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NextEra Energy Partners LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.
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